What is the price of lobster per kilogram/pound in Sri Lanka today?
The retail price range for Sri Lanka lobster is between US$ 18.66 and US$ 39.28 per kilogram or between US$ 8.46 and US$ 17.82 per pound(lb). Click here to see today's exact prices of lobster in Sri Lanka
The retail price range in Sri Lanka Rupee for lobster is between LKR 5,741.51 and LKR 12,087.38 per kilogram or between LKR 2,603.86 and LKR 5,481.81 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2024, the approximate wholesale price range for Sri Lanka lobster is between US$ 13.06 and US$ 27.50 per kilogram or between US$ 5.92 and US$ 12.47 per pound(lb).
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Sri Lanka Lobster Export Prices - Historical, Trends and Prediction
The export price per kilogram of Lobster from Sri Lanka over the last five years has been quite varied. In 2017, the price was 22.59 US$ per kg, which was the lowest in the five year period. This was followed by a slight increase in 2018 to 24.49 US$ per kg. The highest price was recorded in 2014 at 29.21 US$ per kg. The price then decreased to 27.84 US$ per kg in 2015 and 25.77 US$ per kg in 2016. The most recent year, 2021, saw a slight increase to 24.18 US$ per kg. Based on this data, it is predicted that the export price per kilogram of Lobster from Sri Lanka in 2023 will be around 24.00 US$ per kg and in 2024 will be around 23.00 US$ per kg.Sri Lanka Lobster Import Prices - Historical, Trends and Prediction
The import price per kilogram of Lobster into Sri Lanka over the last five years has been quite varied. In 2017, the price was 22.59 US dollars per kg, followed by a slight increase to 24.49 US dollars per kg in 2019. However, the price dropped significantly in 2020 to 19.12 US dollars per kg. This was followed by a slight increase to 24.18 US dollars per kg in 2021. Looking at the trend, it is likely that the import price per kilogram of Lobster into Sri Lanka will remain around the same level in 2023 and 2024, with a slight increase to around 24.50 US dollars per kg.Export values for Sri Lanka lobster
The total values in export for lobster in Sri Lanka were US$ 4,509, US$ 2,801, US$ 3,458 and US$ 3,495 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in Sri Lanka: Sea Bass, Sea Bream, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Scallops, Blue Mussel, Cuttlefish & Squid & Octopus.
See prices of lobster in other countries across Asia: Kazakhstan lobster, Kyrgyzstan lobster, Tajikistan lobster, Turkmenistan lobster, Uzbekistan lobster, China lobster, Hong Kong lobster, Macao lobster, North Korea lobster & Mongolia lobster.
Sri Lanka lobster - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka exported 183 tonnes of lobster. For the year 2019 alone, the interest in Sri Lanka lobster (seafood category) has increased, with a change of 10.909 per cent compared to the year 2018. Between 2017 and 2019, lobster's exports grew by 47.58 pc earning the country US$3.50m for the year 2019. Sri Lanka's lobster exports are classified as:
- Norway lobsters "Nephrops norvegicus", whether in shell or not, dried, salted, smoked or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030694)
- Norway lobsters "Nephrops norvegicus", whether in shell or not, live, fresh or chilled (HS code 030634)
- Frozen rock lobster and other sea crawfish "Palinurus spp.", "Panulirus spp." and "Jasus spp.", even smoked, whether in shell or not, incl. rock lobster and other sea crawfish in shell, cooked by steaming or by boiling in water (HS code 030611)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", whether in shell or not, live, fresh or chilled (HS code 030631)
- Lobsters "Homarus spp.", whether in shell or not, live, fresh or chilled (HS code 030632)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", whether in shell or not, dried, salted, smoked or in brine, incl. in shell, cooked by steaming or by boiling in water (HS code 030691)
- Norway lobsters "Nephrops norvegicus", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030625)
- Frozen Norway lobsters "Nephrops norvegicus", even smoked, whether in shell or not, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030615)
- Frozen lobsters "Homarus spp.", even smoked, whether in shell or not, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030612)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. in shell, cooked by steaming or by boiling in water (HS code 030621)
- Lobster (HS code 0306Xd)
- Lobsters "Homarus spp.", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030622)
- Lobsters "Homarus spp.", whether in shell or not, dried, salted, smoked or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030692)
- Lobster, prepared or preserved (excluding smoked) (HS code 160530)
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Sri Lanka lobster export values
In 2019, Sri Lanka supplied lobster costing 3.50m USD, a growth of 1.21% from 2018's total lobster export of 3.458m USD. The yearly growth in value of Sri Lanka lobster between 2017 to 2018 was 23.456 per cent.
The annual change in the volume of Sri Lanka's lobster exports between 2017 and 2019 was 47.58 pc in comparison to a variation of 10.909% in the period between 2018 and 2019.
Sri Lanka's portion of the world's total lobster's exports in 2019 was less than 1%. Sri Lanka holds number 51 in world exports of lobster.
Export markets for Sri Lanka lobster ( in '000$ )
Import/Export Trends
Sri Lanka is a net exporter of lobster. The annual growth of Sri Lanka lobster in value between 2015 to 2019 was 58%, per annum, while annual growth in quantity was 18%, per annum.
Sri Lanka purchased 1 tonnes of lobster in 2019.